Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Akamai Technologies fell 45 cents (-1.2%) to $38.36 on light volume. Throughout the day, 1.3 million shares of Akamai Technologies exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $38.01-$38.63 after having opened the day at $38.42 as compared to the previous trading day's close of $38.81. Other companies within the Internet industry that declined today were:
), down 9.5%,
), down 9.1%,
), down 9.1%, and
), down 9%.
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Akamai Technologies, Inc. provides content delivery and cloud infrastructure services for accelerating and improving applications over the Internet in the United States and internationally. Akamai Technologies has a market cap of $6.86 billion and is part of the
sector. The company has a P/E ratio of 37.6, above the average internet industry P/E ratio of 37.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 20.2% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates Akamai Technologies as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Akamai Ratings Report.
On the positive front,
), up 13%,
), up 11%,
), up 9.3%, and
), up 7.9%, were all gainers within the internet industry with
) being today's featured internet industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
) while those bearish on the internet industry could consider
- Find other investment ideas from our top rated ETFs lists.
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